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KT Renko Patterns Robot MT5

In manual trading, many of the trading setups and opportunities provided by the KT Renko Patterns indicator are missed due to sudden price movements on the Renko charts.

KT Renko Patterns EA solves this problem by implementing a 100% automated trading strategy based on the "KT Renko Patterns indicator". After fetching the patterns formation and signals directly from the indicator, it performs some pre-checks and assessments to efficiently execute the trading positions.

All the dependencies are embedded in the expert advisor. It's not imperative to buy the KT Renko Patterns indicator to operate this EA successfully.

Download the set files for 10 pips Renko box to perform the similar backtests.


Features

  • Go fully automated with the KT Renko Patterns indicator and save tons of time.
  • Fully compatible with our free Renko Chart Generator. 
  • No additional download is required. All the required dependencies are embedded in the EA.
  • It fetches the stop-loss and profit targets directly from the indicator in the most efficient way.
  • It prints the pattern name with each entry to facilitate the identification of each trade.
  • Further boost the EA performance using the inbuilt filters like Session-Filter, MMI, Vortex, Volatility, Market Regime and more.
  • Flexible stop-loss trailing to prevent the winners from turning into losses.
  • Protection against the black swan events using the max. loss function.


Input Parameters

  • ----- Renko Pattern Settings -----
  • Min. Bars Between Patterns: The number of min. bars between each pattern. 
  • W-M Pattern: true/false
  • Power Pennant Pattern: true/false
  • AB=CD Pattern: true/false
  • Triple Top/Bottom Pattern: true/false
  • Double Top/Bottom Pattern: true/false
  • Two-Back Brick Pattern: true/false
  • ZigZag Pattern: true/false
  • Swing Breakout Pattern: true/false
  • Draw Pattern Names: If true, EA will draw the pattern name with each new trade.

  • ----- Trade Settings -----
  • Max. Active Positions: The no. of maximum active positions in the same direction.
  • Exit at Opposite Pattern: If true, positions will be closed at the patterns in opposite direction.
  • Lot Size Method: Fixed or Auto

  • ----- Exit Settings -----
  • Stoploss Method: Pips/Volatility/Fetch from indicator
  • Take-Profit Method: Pips/Volatility or TP1/TP2/TP3 from the indicator
  • SL Trailing Method: Pips/Volatility

  • ----- Set the Filters -----
  • Trading Sessions:  All | Asian | London | New York | Asian-London | London-New York | New York-Asian
  • Trend Filter:  True | False 
  • Volatility Filter:  True | False 
  • Vortex Filter:  True | False 
  • MMI Filter: True | False 

  • ----- Miscellaneous Settings -----
  • Max Loss Protection:  True | False 
  • Logging:  True | False  (EA logs all its operation in the journal tab)


FAQs

Q. How to backtest this EA? 

A. The Renko chart generator by KT Renko Chart Utility will also be available on the strategy tester. In tester, you can select the Renko chart from the custom symbol and backtest on it like a normal chart.


Q. Does it also draw Renko patterns on the chart like the indicator?

A. The EA marks the pattern's name with each trade, but it cannot draw the patterns like the indicator. To view the complete pattern formations, you may consider purchasing the KT Renko Patterns indicator.


Q. Why it's making my PC slow?
A. Make sure you are using a well-optimized Renko utility to build the Renko charts. If you don't have it already, ask for the one in the messages. 


Q. Does it work on standard time-based charts?
A. This EA is explicitly developed for the Renko charts. It can work on the standard time-based chart but is not recommended as it defeats this EA's whole purpose.


Q.
Why trading positions are not visible on the Renko chart?
A. MT5 handles the Renko chart as a separate symbol. Trading positions will be visible on the normal chart.

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LittleCrazy MT5 is a fully automated trading system that doesn't require any special skills from you. Just fire up this EA and rest. You don't need to set up anything, EA will do everything for you. EA is adapted to work on small deposits from $ 200. Timeframe: M15 Currency pairs: AUDNZD, NZDCAD, AUDCAD LIVE Signal: LittleeCrazyWay MT5 PROFITABILITY AND RISK The expected estimated profitability according to the backtest data is about 200% - 400% per year. The expected maximum drawdown is ab
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Carousel Triple Correlation MT5
Carousel Triple Correlation MT5
Stanislau Siatsko
Attention: this is a multicurrency EA, which trades by several pairs from one chart!  Therefore, in order to avoid duplicate trades, it is necessary to attach EA only to one chart, ---> all trading in all pairs is conducted only from one chart! Carousel_Triple_Correlation is a powerful tool that has no analogues on the market, and possibly the only automated system with an exclusive trading principle and with the capabilities that the system has. The Carousel_Triple_Correlation logic uses tripl
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Index Provider
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Valerii Gabitov
This Expert Advisor trades stock indices on any MT5 terminal. This Expert Advisor has to work on the VPS 24 hours a day. Its advantages are that it hedges stock indices in different directions. Therefore, trading becomes much safer than most other EA. Please note that you must use a netting account type. The EA will not work correctly on a hedge account. You need to set it on the chart of your DOW30 index and register the name of the second index in the EA settings. The second index is DAX I Ple
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MAFiA Scalper PRO mt5
MAFiA Scalper PRO mt5
Andrey Dyachenko
MAFiA Scalper -Bill Williams (BW) expert advisor with a control panel for trading. !!! Advisor will work ONLY on accounts like HEDGE . The type of account can be seen in the upper left corner of the terminal. Example - there   Detailed instructions with illustrations in English, in PDF file format. - You will find a link to the instruction under the video - The video is in Russian, but you can turn on subtitles and choose the translation into your language. The main task of the advise
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Gold Dragon mt5
Gold Dragon mt5
Evgenii Aksenov
Monitoring real deals:  G old Dragon EA      Gold Dragon+ Gold EAgle Buying this Expert Advisor you get personal gift! Details in the DM Price will be kept high to lower the number of users for this system! Gold Dragon MT4  created for  Gold (XAUUSD) H1  trading. By measuring the power of the trend of Daily candles Expert Advisor trades only according to the trend You will need at least one month to objectively assess it in full. The robot may not open transactions for several days waiting fo
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SIEA Max
SIEA Max
Daniel Stein
The keys to success in trading Forex are discipline, patience and a clear edge, as we have with our unique real trading volume analysis. That's our experience of 10 years of trading Forex, and all these key factors are summarized in the Stein I nvestments Expert Advisor (SIEA) series. SIEA MAX   provides a balanced risk-reward ratio and survives all market circumstances easily - even the most critical ones like Corona, Brexit, etc. The system's patience and discipline are rewarded with great
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Galaxy EA mt5
Galaxy EA mt5
Evgenii Aksenov
GALAXY EA is a trading robot of INFINITY 2021 new generation optimized for   EURCAD, AUDCAD, NZDCAD M15. You can optimize and use EA for different FX pairs The EA has a multifunctional trading panel built in, which allows you to open orders in manual mode.   GALAXY EA   will automatically close opened orders by forming a series and closing the weakest orders with the strongest ones with a total profit. Real account results :  Live monitoring GALAXY EA has implemented the control of important ne
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SSScalper MT5
SSScalper MT5
Dmitry Fedorchenko
Real-time monitoring of the Expert Advisor running on a live account https://www.mql5.com/en/signals/950667 https://www.mql5.com/en/signals/1096100 Please send me a private message after purchasing the Expert Advisor. I'll give you a link to the group. SSScalper is one of the best night scalping solutions for the currency market. The system consists of multiple selected algorithms and filters which provide diversification. The system is designed to make the most out of the quite night time in th
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Mr Martin MT5
Mr Martin MT5
Vasiliy Kolesov
Mr Martin MT5   EA Mr.Martin   MT5  is a fully automated Expert Advisor that is designed for quiet, investment trading over a long period of time.  The Expert Advisor uses in its strategy the principles of averaging unprofitable positions, but due to the unique input system, several filters, and the deposit protection system, expressed in the   SL_percent_balans   parameter, is completely safe for your deposit. T he default settings are optimized to work on EURUSD M1  GMT+2  and can be used i
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FrankoScalp MT5
FrankoScalp MT5
Konstantin Kulikov
Congratulations! You have come to the page of the longest running Expert Advisor on the Forex market! For more than 5 years, this expert has been at the hearing and in various tops. On any Forex forums you can find discussion topics for the "FrankoScalp" expert, but only on mql5 you can buy the original updated version of the expert, as well as get in touch with the author and get into the friendly "FrankoScalp" user community. Buy Now & Save $250. +$50 for each of the next 10 copies. The usu
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Day Breakout MT5
Day Breakout MT5
Vadim Zotov
Trading on the breakout of daily volatility, taking into account the specifics of real accounts. No risky strategies. All trades are protected by a stop loss. You can work with a minimum initial deposit of $10. STARTING PRICE $150. NOW $250.  NEXT PRICE $300 !!! There is a version of this robot for the MT4 platform Day Breakout MT4 Strategy. The robot monitors the market situation when, after the onset of a new day, the level of the high or low of the previous day is broken. Experien
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London Pride EA MT5
London Pride EA MT5
Dmitrii Golubev
Price $399  Next Price $499  ====>  Live Signal https://www.mql5.com/en/signals/943610     London Pride is a high-end, totally automated Expert Advisor specifically devised to trade with GBPUSD currency pair. It is ideal for working on M15 timeframe. The EA uses sophisticated machine learning and self-adaptive algorithms to bring your trading performance to the next level. London Pride has shown sustainable growth patterns for the period 2003 – 2020, which sets our advisor apart fr
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KT RSI Divergence Robot MT4
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Version 2.0 2021.01.19
- Addresses some bugs.
- EA now draws the name for each pattern irrespective of a trading position.
- EA now includes the pattern name in the order's comment.
- source code optimization for faster execution.